The documentary collection provides the seller with a greater degree of protection than shipping on().
A.documentary credit
B.banker's letter of guarantee
C.banker's draft
D.open account
A.documentary credit
B.banker's letter of guarantee
C.banker's draft
D.open account
A.航空运费到付
B.航空运费预付
C.其他费用到付
D.其他费用预付
What is Ms. Fitch asked to do?
A.Send in a resume and cover letter
B.Contact Mr. Cobb's colleagues
C.Apply for a human resources position
D.Choose an appointment time
Which of the following terms of payment has the least country risk?
A.Revocable documentary credits.
B.Confirmed Irrevocable documentary credits.
C.Documentary collection D/P.
D.Documentary collection D/A.
(10)
A.Our company prefers an L/C to collection.
B.Our company will apply for documentary collection.
C.Our company will apply for either documentary collection or sight letter of credit according to your advice.
D.Our company will adopt neither documentary collection nor letter of credit.
What is a documentary letter of credit?
A.A conditional bank undertaking to pay an exporter on production of stipulated documentation.
B.A method of lending against documentary security.
C.An international trade settlement system biased in favor of importers.
D.All of the above.
(10)
A.Banks may guarantee the buyer or the seller in documentary collection.
B.Banks act as agents without responsibility of guarantee on either side.
C.Banks offer bank guarantee to both the buyer and the seller in documentary collection.
D.Banks are only responsible for the buyer in documentary collection.
Under the documentary credit, which of the following is false?
A.The buyer's bank will issue a documentary credit.
B.The seller has his bank's undertaking to pay.
C.If the seller presents the correct documents, he will be paid.
D.A bank acts as an intermediary between the buyer and seller and is willing to provide trade.
(8)
A.The banks have an incalculable liability under the documentary credit revolving in value.
B.The banks prefer to issue the documentary credit revolving in value.
C.The buyer has less liability under the documentary credit revolving in value.
D.The banks are involved in less liability by issuing the documentary credit revolving in value.